Futures Slide As Italian Banks Drag Risk Lower; Sterling Tumbles; Bond Yields Drop To New Record Lows

Tuesday, July 5, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jul 5, 2016

The festering wound involving Italian banks in general and Italy’s third largest bank Monte Paschi, just got worse yet again, as the bank which suddenly everyone is focused on extends yesterday’s 14% drop, and is halted in Milan trading after falling 7%, once again dragging down European bank stocks with it, and this time US equity futures are starting to notice.

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